Suite
Market - Leading Data,
Analytics & Scoring
We have the tools
that enable you
to avoid risk.
Market-Leading Data, Analytics & Scoring
Suite
As residential mortgage fraud continues to evolve
and escalate, lenders, servicers and investors need
increasingly advanced detection and decision analytics
to keep pace. LoanSafe Risk Manager
TMsolution suite
delivers the industry-best performance needed through
three key advantages:
Data – CoreLogic is the U.S. real estate and mortgage data leader. Our immediately accessible data reduces the challenges and errors of rooting out all types of mortgage risk.
Analytics – LoanSafe Risk Manager tracks behavioral norms and quickly pinpoints loan application or property anomalies by incorporating innovative econometric modeling of neighborhood-level collateral risk with patented CoreLogic predictive-analytic models.
Precision – False positives drain resources and can lead to ignoring genuine alerts.
Efficiently incorporating pattern-recognition and econometric scores dramatically reduces false positives, while catching significantly more fraud or collateral issues. Alerts, risk
indicators and recommended actions are also featured in the LoanSafe Risk Manager Suite, assuring dynamic insight and superior decisioning.
The LoanSafe Risk Manager Suite is composed of
two modules — LoanSafe Collateral Manager and
LoanSafe Fraud Manager. Working in tandem, these
solutions minimize collateral risk and maximize fraud
detection — an unbeatable combination that delivers
a meaningful and lasting impact on mortgage risk
management practices.
►Built on the CoreLogic innovative collateral risk model
►Advanced automated valuation/appraisal review process reduces loss and default ►Powered by industry-leading automated valuation engine and LoanPerformance HPI ►Sophisticated scoring and alerts with detailed reports speed appraisal review ►Incorporates one-of-a-kind access to listing information, condo/hotel database, lien
release data and more
►Includes new risk indicators that provide lift to traditional credit risk models
►Built on the LoanSafe market-leading property risk, undisclosed debt, and multi-lien
platform
►Employs patented pattern-recognition fraud analytics
►Utilizes a consortium of 80 million loans to understand fraud characteristics
►Uses sophisticated third-party monitoring within scoring, alerting operations of risky
behavioral changes
►Unbeaten in comparison tests—fraud scoring returns the highest fraud value with
lowest number of reviews and false positives
The latest advance in automated mortgage collateral risk management, LoanSafe Collateral Manager analyzes property and neighborhood characteristics to estimate each loan’s early payment default and loss severity risk. The proprietary risk management engine evaluates numerous elements, including multiple relationships and comparisons between key collateral metrics:
property characteristics, pricing and appraisal attributes, geographic conditions, and others. In addition, LoanSafe Collateral Manager references foreclosure and volatility models to ensure the most accurate risk picture possible. LoanSafe Collateral Manager combines sophisticated risk scoring with supporting data and proprietary map technology, enabling you to:
►Create prefunding appraisal review workflows ►Improve appraisal quality
►Maximize efficient use of automated and human-based
appraisal tools
►Reduce early payment defaults and associated losses ►Detect and stratify risk within existing portfolios ►Add nontraditional collateral risk indicators to internal
credit and fraud models
LoanSafe Collateral Manager draws from the nation’s largest database of mortgage loan and homeownership information. Colorful, at-a-glance graphic risk indicators, straightforward alerts with explanations, and action steps customized to your policies make it easy to learn and use. The intuitive dashboard displays alerts by type and severity for each issue uncovered, with hot links to the relevant
report section for easy review. As a hosted solution,
LoanSafe Collateral Manager enables quick and thorough portfolio analysis through batch or XML uploads.
LoanSafe Collateral Manager assists with risk prevention, protecting against future losses and buybacks by verifying each loan before funding.
LoanSafe Fraud Manager uses patented predictive-analytics scoring technology to identify suspicious mortgage loans, enabling you to quickly estimate each loan’s fraud risk.
LoanSafe Fraud Manager enables you to:
►Cost effectively score loan applications prior to
approval
►Improve productivity by utilizing rank-ordered fraud
scores to drive underwriting processes, saving time and review expense by zeroing in on high fraud risk
►Leverage the vast CoreLogic proprietary and
consortium fraud, property, ownership and mortgage loan databases
►Improve loan performance and quality by driving down
fraud-related losses
►Reduce early payment default
►Complement credit and compliance review tools
LoanSafe Fraud Manager detects fraud based on historical patterns of fraudulent and legitimate loans. The solution draws on the widest array of proprietary and consortium data, creating and applying fraud risk patterns to determine the likelihood a loan may result in a fraud-driven loss.
Using loan application and CoreLogic data, LoanSafe Fraud Manager enables you to decrease fraud risk in your loan pipeline by automatically assessing risk at the
application stage. Simply upload loan files via secure FTP
and receive a fraud risk score within seconds. We also return a comprehensive loan report that details the fraud risk score, along with top indicators and reasons, rank ordered from highest to lowest on a 999 to 1 scale. LoanSafe Fraud Manager is the only mortgage industry solution that applies the analytic advancements credit card companies have used to reduce fraud losses by nearly
100% of lender’s applications
Fraud Manager Collateral
Manager
Collateral Action Using COLLATERAL SCORE & REVIEW FEATURES Lender Appraisal Review
Lender Fraud Review Fraud Conditioning & Verification Using FRAUD SCORE & REVIEW FEATURES 1003 Information
Third Party Information
LoanSafe Risk Manager
combines the
power
of
LoanSafe Collateral Manager
and
LoanSafe Fraud Manager
to create the
industry’s
most comprehensive
mortgage risk
management solution.
LoanSafe Risk Manager Suite supports:
►Originators and lenders ►Mortgage investors
►Mortgage and bond insurers ►Credit advisory services and
rating agencies
►Servicers
►Government agencies ►Regulators
About CoReLogiC
CoreLogic (NYSE: CLGX) is a leading property information, analytics and services provider
in the United States and Australia. The company’s combined data from public, contributory
and proprietary sources includes over 3.3 billion records spanning more than 40 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets
CoreLogic serves include real estate and mortgage finance, insurance, capital markets,
transportation and government. CoreLogic delivers value to clients through unique data,
analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic
to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in seven countries. For more information, please visit www.corelogic.com.
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CoReLogiC, the CoreLogic logo, LoAnSAFe, LoAnSAFe AppRAiSAL MAnAgeR, LoAnSAFe FRAuD MAnAgeR, LoAnSAFe CoLLAteRAL MAnAgeR and LoAnSAFe RiSK MAnAgeR are trademarks of CoreLogic inc. and/or its subsidiaries.
